LOS ANGELES, Feb. 14, 2014 /PRNewswire/ -- Primco
Management Inc. (OTCQB: PMCM), a fully integrated multi-media
entertainment and real estate development company, is pleased to
announce that the Company has signed a conditional lease for the
launch of its first medical cannabis cultivation center.
Plans call to subdivide the property into up to 6 separate
nurseries to be sublet to fully licensed dispensaries in Los
Angeles. Final execution of the lease is contingent upon
acquiring permits from the local municipality.
"We are extremely excited to announce the acquisition of our
initial property for our entry into the medical marijuana property
management business. Once we receive conditional approval
from the city, we expect to lease out the entire property in the
first few weeks," stated David Michery, CEO. "Our Company
will deliver a safe, clean and fully compliant rental space for
those entities that are licensed for the sale, cultivation or
testing of medical cannabis. Primco will lead the way
nationally in providing medical marijuana friendly real estate to a
rapidly growing industry."
The building is located in the County of Los Angeles.
Primco will not engage in the cultivation or sale of medical
cannabis and will only provide fully permitted facilities for
licensed retailers and growers.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail
Productions and D & B Music, Inc., the Company operates as an
integrated entertainment company with divisions in music and film
production and distribution. Primco also operates in various
aspects of the real estate industry. (For additional information,
visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of
1933, 1934 and 1995 for all public news releases. Statements, which
are not historical facts, are forward-looking statements. The
company, through its management, makes forward-looking public
statements concerning its expected future operations, performance
and other developments. Such forward-looking statements are
necessarily estimates reflecting the company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors. Factors which could
cause actual results to differ materially from those estimated by
the company include, but are not limited to, government regulation;
managing and maintaining growth; the effect of adverse publicity;
litigation; competition; and other factors which may be identified
from time to time in the company's public announcements.
Contact: David Michery, CEO
(562) 565-9967
SOURCE Primco Management Inc.